Agora To Acquire China's Messaging API And Cloud Provider Easemob

by Anusuya Lahiri, Benzinga Staff Writer
January 28, 2021 7:14 AM | 1 min read |
  • Agora, Inc. (NASDAQ: API) is set to acquire Easemob, an instant messaging API and cloud service provider in China.
  • The acquisition will be an all-cash transaction, but the purchase price remains undisclosed.
  • “Easemob perfectly complements our product offerings and will accelerate the realization of our vision in making real-time engagement ubiquitous,” said Agora CEO Tony Zhao.
  • The transaction is expected to close in the first quarter of 2021.
  • Price action: API shares are higher by 1.86% at $55.23 in the pre-market session on the last check Thursday.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In: M&ANewsGlobalTechMediaChinaInstant Messaging
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!